All posts tagged Sen. Harry Reid

Sen. Harry Reid (D., Nev.) wants to work on a plan to keep the program running for another five years.

After years of delay, Congress appears ready to move forward with an overhaul of the federal program that provides insurance to homeowners in flood-prone areas.

Senate Majority Leader Harry Reid (D., Nev.), said on the Senate floor Wednesday that lawmakers plan to vote on a much-delayed package of changes to the National Flood Insurance Program that would keep the program running for another five years.

The legislation would enact changes to the debt-strapped program to put it on a more solid financial footing by gradually raising premiums. A similar bill to do so has already passed the House. The bill appears to have support from lawmakers in both parties, and has been pushed by the real estate and insurance industry. Read More »